Question: ADBBC AaBbcc HdD ABCD AaBbced A 1 No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em 1 Normal Paragraph Styles 3. You had planned

ADBBC AaBbcc HdD ABCD AaBbced A 1 No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em 1 Normal Paragraph Styles 3. You had planned on taking an overseas holiday and currently have $1,000 to deposit with the bank. Now that the international borders are closed and you are unsure when you can get overseas, you do not want to spend the money on anything else and have decided to continue to save for a deposit on a home instead. Which of the following will provide you with the lowest effective rate of interest from your bank? a. 5.00% APR with monthly compounding b. 5.00% APR with annual compounding c. 5.00% APR with quarterly compounding d. 5.00% APR with daily compounding e. 5.00% APR with semi annual compounding Justification

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